§ Mr. DarlingTo ask the Chancellor of the Exchequer how many banks and other financial institutions the Bank of England supported(a) directly and (b) indirectly through other banks and financial institutions in (i) 1990, (ii) 1991 and (iii) 1992.
§ Mr. NelsonIt is for the Bank of England to determine its policy on answering questions concerning such matters. The Bank issued a statement last week describing its role during a period following the middle of 1991 in arranging support for a few small banks. A copy of the statement was placed in the Library.
§ Mr. DarlingTo ask the Chancellor of the Exchequer (1) how much of the support provided to authorised financial institutions by the Bank of England in 1991 remains outstanding and due to the Bank of England or other institutions;
(2) whether the Bank of England provided guarantees to any other bank or financial institution in respect of support operations designed to assist authorised banking institutions during the course of 1991;
(3) what was the value of the support provided (a) directly and (b) indirectly to authorised banking institutions by the Bank of England in 1991; and what was the source of that support;
(4) whether the Bank of England provided support arrangements in 1991 for any authorised banking institution that was not incorporated in the United Kingdom.
§ Mr. NelsonIt is for the Bank of England to determine its policy on answering questions concerning such matters.
§ Mr. DarlingTo ask the Chancellor of the Exchequer if he will make a statement on the support operations by the Bank of England in respect of authorised banking institutions.
§ Mr. NelsonNo.